Yes, I think it is stabilizing around $0.34I was unlucky to buy...

First 8 Last

Share
Profile

Follow
bilulu

971 Posts.

362

19/02/19

12:31

Post #: 37483625
Share

Originally posted by Tamborine: ↑

Hi Bill,

The shareprice was always going to retrace to the offer price. It will often dip slightly below that before moving up according to how effectively the new funds are used. The recent comparisons with Zero at this stage make an interesting exercise . They also ran hard to to aggressively grow market share using a series of raises to fund their rapid expansion. They also ran a deficit for several years.

This didn't stop the share price from growing strongly; they were running at 50 times revenue whilst still in deficit. Why 11 times is deemed appropriate for LVT beats me. Livetiles not only has market leading technology it has a very focussed, experienced and high energy team. They have a great board, their CFO was formerly with Macquarie where he raised $10b for projects, and have recruited several highly experienced and accomplished executives; the sort who wouldn't waste their time with potential failures, to enable them to increase exposure and broaden market share.

This is still a risky investment but LVT has the right mix of ingredients to be an absolute winner. I am backing them all the way. DYOR research especially about technology companies in a fast moving environment, don't expect them to behave other than how this space dictates.

Good Luck to all holders. Tamborine

Expand

Yes, I think it is stabilizing around $0.34
I was unlucky to buy just before the announcement, but I moved my stop loss below the offer as I knew it would retract to that straight away.

What is the next event / announcement / catalyst that could move it up?

LVT Price at posting: 34.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

There are more pages in this discussion • 37 more messages in this thread...

First 8 Last

Add LVT (ASX) to my watchlist

Yes, I think it is stabilizing around $0.34I was unlucky to buy...

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Featured News